Sturm, Ruger & Company, Inc. (NYSE:RGR) Q4 2023 Earnings Conference Call February 22, 2024 9:00 AM ET Company Participants Christopher Killoy - President and Chief Executive Officer Kevin Reid - General Counsel Thomas Dineen - Senior Vice President-Finance, Treasurer and Chief Financial Officer Conference Call Participants Mark Smith - Lake Street Ryan Hamilton - Morgan Dempsey Rommel Dionisio - Aegis Capital Operator Thank you for standing by and welcome to this Sturm, Ruger Fourth Quarter 2023 Earnings Co ...

EXHIBIT 99.1 FOR IMMEDIATE RELEASE STURM, RUGER & COMPANY, INC. REPORTS 2023 DILUTED EARNINGS OF $2.71 PER SHARE AND DECLARES DIVIDEND OF 23¢ PER SHARE SOUTHPORT, CONNECTICUT, February 21, 2024--Sturm, Ruger & Company, Inc. (NYSE-RGR) announced today that for 2023 the Company reported net sales of $543.8 million and diluted earnings of $2.71 per share, compared with net sales of $595.8 million and diluted earnings of $4.96 per share in 2022. For the fourth quarter of 2023, net sales were $130.6 million and ...

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTION 13 OR 15(d) THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ___________ Commission File Number 0-4776 STURM, RUGER & CO ...

Sturm Ruger & Company, Inc. (NYSE:RGR) Q3 2023 Earnings Conference Call November 2, 2023 9:00 AM ET Company Participants Christopher Killoy - President, CEO & Director Kevin Reid - VP, General Counsel & Corporate Secretary Thomas Dineen - Principal Accounting Officer, SVP, Treasurer & CFO Conference Call Participants Mark Smith - Lake Street Capital Markets Rommel Dionisio - Aegis Capital Corporation Joshua Kurzban - Aramas Capital Operator Hello, and welcome to the Q3 2023 Sturm, Ruger Earnings Conference ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_______________ to _______________ Commission file number 1-10435 STURM, RUGER & COMPANY, INC. (Exact name of registrant as specified in its charter) Delaw ...

Christopher Killoy - President and Chief Executive Officer Kevin Reid - General Counsel Thomas Dineen - Chief Financial Officer [Abruptly Start] IÂ'll ask Kevin Reid, our General Counsel to read our caution on forward-looking statements. Then, Tom Dineen, our Chief Financial Officer will give an overview of the second quarter 2023 financial results, and then I will discuss our operations in the current market. After that, weÂ'll get to your questions. Kevin? Company Participants Alex Sturnieks - Lake Street ...

Chris Killoy - President & Chief Executive Officer Kevin Reid - General Counsel Tom Dineen - Chief Financial Officer Operator Chris Killoy Thanks, Chris. We want to remind everyone that statements made in the course of this meeting that state the company's or management's intentions, hopes, beliefs, expectations or predictions of the future are forwardlooking statements. It is important to note that the Company's actual results could differ materially from those projected in such forward-looking statements. ...

Sturm, Ruger & Company, Inc. (NYSE:RGR) Q4 2022 Earnings Conference Call February 23, 2023 9:00 AM ET Company Participants Chris Killoy - President & Chief Executive Officer Kevin Reid - General Counsel Tom Dineen - Chief Financial Officer Conference Call Participants Mark Smith - Lake Street Rommel Dionisio - Aegis Capital Ryan Hamilton - Morgan Dempsey Capital Operator Thank you for standing by and welcome to Sturm Ruger's Fourth Quarter 2022 Earnings Conference Call. At this time, all participants are in ...

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTION 13 OR 15(d) THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) ☐ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ___________ Commission File Number 0-4776 STURM, RUGER & CO ...

Financial Data and Key Metrics Changes - For Q3 2022, net sales were $139.4 million, a decrease of 21% from $178.2 million in Q3 2021. Diluted earnings per share were $1.03, down from $1.98 in the same period last year [7][9] - For the first nine months of 2022, net sales totaled $446.6 million, compared to $562.7 million in the corresponding period of 2021, with diluted earnings per share decreasing from $6.64 to $3.90 [8][9] - Gross margin declined from 36% in Q3 2021 to 28% in Q3 2022, attributed to unfavorable fixed cost deleveraging and inflationary cost increases [9] Business Line Data and Key Metrics Changes - New product sales represented $54.9 million or 13% of firearm sales in the first nine months of 2022, with several new firearms launched in Q3 2022 [20] - The company continues to prioritize legacy products that remain in strong demand, including American centerfire rifles and the SR1911 family of pistols [22] Market Data and Key Metrics Changes - NICS background checks, adjusted by The National Shooting Sports Foundation, decreased by 14% for the first nine months of 2022, indicating a decline in consumer demand compared to 2021 [16] - The modern sporting rifle category and bulk of centerfire polymer-framed pistols have seen significant demand slow down compared to 2020 and 2021 [16][28] Company Strategy and Development Direction - The company is committed to pursuing manufacturing excellence and developing innovative new products while cultivating long-term shareholder value [23] - A new facility was purchased in Mayodan, North Carolina, to enhance manufacturing and warehousing operations, reflecting the company's growth strategy [14][23] Management's Comments on Operating Environment and Future Outlook - Management noted that inflationary pressures have constrained discretionary spending, impacting sales [9][16] - There are positive indicators in inventory management among distributors, suggesting a more stable market environment compared to previous cycles [38] Other Important Information - The effective income tax rate for Q3 2022 was unusually low at 12.3%, down from 26.7% in Q3 2021, due to research and development tax credits [10] - The company has a debt-free balance sheet with cash and short-term investments totaling $215 million as of October 1, 2022 [12] Q&A Session Summary Question: Impact of Marlin on numbers and new product launches for 2023 - Management indicated that Marlin is starting to contribute meaningfully, with new models in production and more expected in the first half of the coming year [25] Question: Retail demand and channel inventory - Demand for new products remains strong, but there is significant inventory at retail and distributor levels, leading to promotional efforts [28] Question: Average selling price changes - The average selling price of incoming orders increased to $421, largely due to new products, while units shipped had a lesser impact due to timing [29] Question: Competitive promotional activity in the firearm sector - Management noted some promotional activity among rifle manufacturers but less so in revolver categories [35] Question: Inflation impact and relief - The company is experiencing increased costs in materials and freight, with some stabilization observed but no significant relief yet [42][43] Question: Inventory management for Marlin - Marlin products are moving quickly from production to distributors, with minimal inventory held [44] Question: Headcount and hiring plans - The company maintains a stable workforce of 1800-1900 employees, with ongoing hiring efforts in specific facilities [47] Question: Pricing strategy for the remainder of the year - No price increases were implemented in Q3, but the company is evaluating pricing strategies for January [48][49]